Some eligibility requirements for the government stimulus check remain the same as from the first stimulus package. Basic qualifications include the following Being a U.S. citizen or legal resident alien; Not being someone’s claimed dependent; Earning less than the income threshold; and Having a Social Security number. The first stimulus regulations prevented married couples who filed jointly from receiving a payment if one of them did not have a Social Security number.
The couple would also miss payments for any qualified children. Under the new requirements for the stimulus check, these mixed-status families can now receive payments for themselves and their dependents younger than 17 years old. Households that missed the first $1,200 per person and $500 per child payments can claim those when filing 2020 taxes.
The government lowered the income limit and changed payments so higher earners could still receive reduced amounts. Your income threshold depends on how you file your taxes:
Single tax filers can earn up to $87,000
Heads of households can have incomes up to $124,500
Married couples filing jointly can make up to $174,000
Likewise, the stimulus check amount will vary by the adjusted gross income (AGI). Higher earners may be eligible for a stimulus payment, but they will not get the maximum amount.
Your stimulus check amount will be more if you have dependents 16 years of age or younger. You will receive an additional amount for each dependent younger than 16 on your 2019 taxes.
Parents who had a baby in 2020 will not receive a stimulus payment for their new dependent automatically. They will need to claim it.
First round maximum income requirements:
· Single tax filers can earn up to $99,000
· Heads of households can have incomes up to $136,500
· Married couples filing jointly can make up to $198,000
Second round maximum income requirements:
· Single tax filers can earn up to $87,000
· Heads of households can have incomes up to $124,500
· Married couples filing jointly can make up to $174,000
Third round maximum income requirements:
· Single tax filers can earn up to $80,000
· Heads of households can have incomes up to $120,000
· Married couples filing jointly can make up to $160,000
By Admin –
